A basic car insurance policy is the minimum coverage that's legally required in your state. It's also called a minimum coverage or liability-only insurance policy. A basic policy is the cheapest ...

Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny ...

Learn how excess limits premiums offer coverage beyond basic liability limits in insurance contracts, including how they work, key benefits, and premium calculation.